The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying …
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The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure …
The International Monetary Fund (IMF) says that granting crypto assets such as Bitcoin a legal tender status presents a threat to macroeconomic stability. In a new blog post, the IMF says that adopting Bitcoin or other cryptocurrencies as national currency is a step too far that can negatively impact a country’s economic stability and financial …
Digital asset manager CoinShares says that institutional investors continue to trim their positions in Bitcoin and Ethereum as the broader crypto markets flash signs of recovery. In their weekly report, CoinShares highlights that digital asset investment products saw a net outflow of $28 million last week, with Bitcoin leading the charge. According to the firm, …
July 28, 2021 – Singapore, Singapore Membership token of hi preparing for launch. The hi Dollar (HI), the membership token of hi, the innovative not-for-profit financial services provider, received a successful smart contract audit from CertiK, a leading formal verification platform, in preparation for its launch no later than August 1, 2021. Hi chose to …
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Online shopping platform Shopify says it is offering merchants a way to sell non-fungible tokens (NFTs) directly without using a third-party marketplace. According to the e-commerce giant’s president Harley Finkelstein, their first partner in the new effort will be the NBA’s Chicago Bulls. ADVERTISEMENT “If you’ve spent one minute on the internet this year, …
Multiverse, a decentralized artificial intelligence ecosystem that funds early-stage tech companies, has secured $15 million in investments from some of blockchain’s biggest venture funds. Samsung Next, a developer ecosystem focused on AI, blockchain and fintech, was among the investors, along with Arrington XRP Capital, Huobi Ventures and Fenbushi, Multiverse announced Wednesday. With the raise, Multiverse …
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Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21. Unlike most of its peers, however, TEL’s upward trend remained alive for the entire week, leading to …
Continue reading “VORTECS™ Spotlight: Here’s why Telcoin’s (TEL) rebound eclipsed most altcoins”
Crypto mining firm BIT Mining, which recently announced it would be expanding out of the Chinese market, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan. In a Wednesday announcement, BIT Mining said it had entered a $6.6 million agreement to buy 2,500 Bitcoin (BTC) mining rigs. The firm has already put 3,819 BTC miners …
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The Blockfolio brand is no more: One of the first genuine product brands in the cryptocurrency space, the mobile app that started as a portfolio tracker — and later morphed into a trading app under the stewardship of FTX — will now take its new owner’s name. Blockfolio, which boasted a user base in excess …
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July 28, 2021 – San Francisco, California Reef Finance has transitioned into Reef Chain mainnet, its flagship Substrate-based network, opening its doors for smart contract developers across blockchain to build high-performance DeFi protocols on top of the chain. To complement the launch, Reef entered a strategic partnership with Klever that brings over three million users …
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Popular crypto analyst and trader Michaël van de Poppe is mapping out what’s next for Ethereum and four low-cap crypto assets. In a new strategy session, Van de Poppe tells his 109,000 YouTube subscribers that he’s looking at a potential bullish scenario for Ethereum (ETH) as it threatens to take out resistance at $2,300. ADVERTISEMENT …
One of the most recognizable brand names in the world is planning to release a collection of nonfungible tokens to raise money for Special Olympics International. The OpenSea marketplace will be holding a three-day auction for Coca-Cola branded nonfungible tokens, or NFTs, starting on July 30. The NFT collections, created in partnership with digital designer …
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The Cardano network is in the watershed phase of its network development and upgrades. The ongoing phase of the protocol’s roadmap is the Goguen phase, bringing smart contracts to the network. This is the third phase of the roadmap after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary and Alonzo. …
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Ether (ETH) and Bitcoin (BTC) pulled back on July 28 as investors awaited fresh guidance from the Federal Reserve. ETH price slipped by 0.57% to $2,857, while the BTC/USD prices were up 0.68%, changing hands at $39,739 at around 10:30 EST. Nonetheless, both the pairs reached their current levels following a downside correction from their …
